PayPal was expected to “shock” the world. Instead, they shot themselves in the foot 🥲; Klarna launches subscriptions ahead of IPO 💳; Apple's EU concession unlikely to dent Apple Pay's dominance 🍎

FinTech is Eating the World, 25 January

Hey Everyone,

Happy Thursday! Today we’re going to take a look at PayPal “shocking” the world (what everyone missed, new AI-powered features to drive growth & a bullish case for PayPal), Klarna that just launched a subscription service ahead of the expected IPO (why it makes sense + some deep dives into BNPL giant), and see why Apple's EU concession is unlikely to dent Apple Pay's dominance (+ some bonus reads). Let’s jump straight into the thrilling stuff 🌶

PayPal was expected to “shock” the world. Instead, they shot themselves in the foot 🥲

The news 🗞️ Today finance giant PayPal PYPL 0.00%↑ held an innovation event to showcase its latest advancements in the digital payment space. The event was highly anticipated by investors, as PayPal CEO Alex Chriss had previously mentioned that the company would "shock the world."

Did PayPal actually shock the world? Well, Alex Chriss never said that in the first place…

But let’s start from the beginning.